Undergraduate Student Handout for Educational Testing Service’s Major Field Test in Business Fall 2011 Background Information
: Some of you are aware that UNO CBA is accredited by the Association to Advance Collegiate Schools of Business (AACSB) International. There are fewer than 600 such accredited schools in the world today. Being AACSB accredited indicates a high quality program, and also allows us to induct our students into Beta Gamma Sigma. Part of the requirements under recently revised accreditation standards are to set up and maintain an assessment program aimed at creating an environment of continuous improvement in AACSB schools’ curricula. So, we here in CBA are currently creating such a program. Both the graduate and undergraduate programs will be assessed on the basis of their learning goals and objectives in a variety of activities in many different courses. One part of that is the relevant goal/objective related to our students’ understanding of, and ability to demonstrate, knowledge in core business areas. The Educational Testing Service Major Field Test (MFT) will be our primary assessment tool for this goal/objective, however, other assignments and exams will also be part of the assessment process. The Business MFT will be used in the undergraduate capstone course. Since you are enrolled in this course, you will be taking an MFT this semester. It is important that you do your best on the exam for three reasons: (1) your score will affect your performance in the capstone course and (2) a high average for our school will enhance the economic value of your degree and (3) your aggregate performance will be used to make future curricular decisions. Details about the exams and how we will administer them are discussed below. If you have questions after reading that material, contact either your professor or Dr. Henebry, the CBA Assessment Coordinator at email@example.com or 402-554-3153 or her office in 228B Mammel Hall. Exam Length: The Business exam is 120 multiple choice questions in two one-hour sections. There is a short tutorial at the beginning of the exam to familiarize you with the way it runs. You will have an opportunity for a short break between sections one and two if you desire it. At the end of the MFT you will be asked to answer a few additional questions regarding post graduation plans. These are also needed for assessment and accreditation. These questions will be answered on the computer as part of the ETS process. The ETS exam process should take about 2 ½ hours. For students in all majors, except accounting, additional assessment questions related to their areas of specialization will be administered immediately after the ETS exam on paper bubble sheets. As students sign onto the ETS exam, the proctor will tell them which specialization questions they will need to take at the end of the ETS. The proctor will provide the appropriate sets of questions and will collect them when each student is finished. These questions will be used to assess knowledge of more advanced topics within the areas of specialization offered within the Management, Marketing, Finance, Economics and Real Estate majors. Students with these majors should therefore, plan on more time (about 30 additional minutes) to complete the assessment testing. No one will answer more than one set of specialization questions. Sample Questions: Sample questions for the MFT exam are available as downloadable PDFs from the ETS web site. Go to http://ets.org and click on Major Field Tests. Then scroll down to the list of exam links and click on Bachelor’s Degree in Business. Click on the sample questions PDF link. You will need the Acrobat Reader to utilize these files. There is a link just to the left of the sample question link to get that if you don’t have it. Your instructor may also post these sample questions as a PDF on the Blackboard site for your section of the course. Location and Scheduling for the Exams: The exams will be given on-line in MH 319; located on the 3nd floor above the main atrium in our building. The exam is proctored, and you will need to surrender your student ID to be signed on to the exam site. You will NOT be allowed to use a calculator or any other aid except a pencil and scratch paper. Scratch paper will be provided and collected by the proctor before you leave the test room. Exam Dates are: Friday November 11th and Friday November 18th at 9 AM, 1 PM and 6 PM and Saturday November 12th and Saturday November 19th at 9 AM and 1 PM. Please sign up by Friday October 7th. The book
Nonroutine Decision Making C. IN THE EVENT THAT A TESTING SESSION IS CANCELLED WHILE THE UNIVERSITY REMAINS OPEN: AN EMAIL NOTICE WILL BE SENT OUT TO YOUR UNO EMAIL ACCOUNT UNLESS YOU HAVE PROVIDED US WITH AN ALTERNATE EMAIL ADDRESS. As the lab has evening hours. Income Statement and Statement of Retained Earnings c. OF COURSE. Money and the Banking System d. Nicknames and missing middle initials make that very difficult. Models of Consumer Choice c. International Economics a. IF UNO IS CLOSED. Supply and Demand b. Accounting (about 15% of the total exam) A. INSTRUCTIONS ON HOW TO RESCHEDULE YOUR EXAM WILL BE IN THAT EMAIL. Please also enter your preferred email address if it is something other than your UNO account in case I need to contact you for any ETS exam related reason. Cost. Economic Systems B. Activities Based Costing d. There are limited seats for each sitting. Macroeconomics a. Resource Markets f. Volume and Profit Analysis e. Economic Growth D. CHECK YOUR EMAIL ACCOUNT BEFORE GOING TO CAMPUS FOR YOUR EXAM. Comparative Advantage and Specialization d. Measurement of Economic Performance b. Conceptual Foundations b. When you sign up. Costs Concepts b. Statement of Cash Flows B. Microeconomics a. print your whole legal name on the sign-up sheet. Standard Costing g. Basic Economic Concepts a. Product Costing Systems c. Balance Sheet d. Exchange Rates
. all students should be able to sign up conveniently. please enter your professor’s name and section number so that I know which roster to match you to. Production and Costs d. Financial Accounting a. I need to be able to cross reference with an official roster and with Lotus Notes/gMav email. Market Failure and the Role of the Government C. Finally. Production Possibilities Frontier c. Scarcity and Opportunity Cost b.Undergraduate Student Handout for Educational Testing Service’s Major Field Test in Business Fall 2011 with the sign-up sheets is in the open computer lab on the 2nd floor. Economics (about 13% of the total exam) A. Managerial Accounting a. International Trade and Policy b. ETS TESTING SESSIONS WILL BE CANCELLED AND AN EMAIL WITH DIRECTIONS ON HOW TO RESCHEDULE WILL STILL BE SENT TO YOUR UNO EMAIL ACCOUNT. Aggregate Demand and Aggregate Supply c. International Accounting II. Product Market Structures e. so sign up early for your preferred time slot. Budgeting (except capital budgeting covered under Finance) f. Monetary Policy and Fiscal Policy e. Exam Coverage: I.
Strategic Information Systems D. Entrepreneurship IV. Software Technology c. Automation and Support Systems b. Privacy and Ethical Issues B. Communication c. Linear Programming b. Information Technology Concepts a. Sampling and Estimation g. Management (about 15% of the total exam) A. Security. Total Quality Mgmt B. Planning. and Controlling) c. Probability and Statistics a. Information Mgmt in a Global Society b. Statistical Concepts in Quality Control B. Policy Determination D. Quantitative Business Analysis (about 11% of the total exam) A. Managing Continuous Improvement e. Database Mgmt Systems d. Leadership and Motivation b. Management Process a. Measures of Central Tendency and Dispersion e. Organizational Behavior a. Hardware Technology b. Systems Development
V. History and Theory b. Correlation and Regression i. Measure of Set Operations b.Undergraduate Student Handout for Educational Testing Service’s Major Field Test in Business Fall 2011 c. Strategy and Policy a. Hypothesis Testing h. Management Information Systems d. Conditional/Joint Probabilities c. Managing Diversity d. Counting Rules d. Business Information Systems a. International/Cross Cultural Mgmt E. Management Science a. Distributions (including normal and binomial) f. Information Systems in Business and Society a. simulation and decision analysis) Information Systems (about 10% of the total exam) A. Functions (Organizing.
. Project Scheduling (including PERT and CPM) c. Inventory and Production Planning d. Strategic Analysis b. Balance of Payments III. Special Topics (including queuing theory. Human Resource Mgmt C. Network and Internet Technology C. Group/Team Dynamics d. Time-Series Forecasting j. Decision Support and Expert Systems e. Transaction Processing Systems c. Leading.
Ethics b. Employment Law b. Finance. Social Responsibility IX. The Marketing Mix (Product. International Finance Marketing (about 13% of the total exam) A. Time Value of Money b. Environmental and International Law f. Antitrust Law d. Financial Markets and Environments C. Risk and Return b. Systems Investigation and Analysis b. Crimes B. Cost of Capital and Capital Structure B. Finance (about 13% of the total exam) A. Marketing Institutions a. Regulatory Environment a. Legal Environment a. Consumer and Organizational Buyer Behavior B. Law of Agency d. Labor Law c. VIC. Price. Tort Law e. Intellectual Property D. Investments a. Marketing Research and Information Technology Tools d. Security Regulation C. Ethics and Social Responsibility a.
. Marketing for Social Causes C. Financial Statement Analysis e. Capital Budgeting c.Undergraduate Student Handout for Educational Testing Service’s Major Field Test in Business Fall 2011 a. IIID. Business Relationships a. Identifying Attractive Markets a. Segmenting Consumer and Organizational Markets c. Contract and Sales Law (UCC) b. Scanning Market Environment c. Courts and Legal Systems b. Administrative Law d. Marketing Services d. Business Organizations c. VIIC. International Issues Overlapping and drawn from Economics. Management and Marketing – Topics IC. Corporate Finance a. Marketing for Not-for-Profit Organizations e. Consumer Protection e. Working Capital Mgmt d. IID. International Marketing Legal and Social Environment (about 10% of total exam) A.
VIII. Systems Planning Development and Implementations VI. Strategic Marketing Planning b. Valuation of Securities c. Constitution and Business c. and VIIIB5)
VII. Place and Promotion) b.